Q1FY21 results: Spandana Sphoorty Financial net profit declines by 36.9 per cent YoY to Rs 58.93 crore
Spandana Sphoorty Financial Limited announced its Q1FY21 results on Aug 31, 2020. Consolidated net profit stood at Rs 58.93 crore for Q1FY21. It declined by 36.9 per cent as compared to Rs 93.4 crore that it had reported in Q1FY20.
Net interest income (NII) stood at Rs 224.88 crore as against Rs 188.07 crore it reported in Q1FY20. A growth of 19.6 per cent YoY.
Total income grew by 7.2 per cent YoY to Rs 326.95 crore in Q1FY21. It had reported total income of Rs 304.86 crore in Q1FY20.
Operating profit for Q1FY21 stood at Rs 78.41 crore. A decline of 45.1 per cent YoY as against Rs 142.71 crore in Q1FY20.
Share Price of company closed at Rs 612.8 down by 4.18 per cent on BSE.
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Particulars
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Q1FY21
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Q1FY20
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Change
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Net Profit
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58.93
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93.37
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-36.9%
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Net interest income
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224.88
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188.07
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19.6%
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Operating profit
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78.41
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142.71
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-45.1%
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